Best In Tennessee Real Estate™: Memphis

32.3% of all seasonal homes in the Memphis metro are concentrated in just three ZIP codes—ZIP 38103, ZIP 38104, and ZIP 38119. This isn't just a pattern; it's a signal of deepening real estate stratification and investor confidence in specific urban nodes. For Memphis, this means that value is no longer evenly distributed—it's being anchored in a few high-demand ZIPs. The data comes directly from ALEX Intelligence’s analysis of the U.S. Census Bureau’s 2024 American Community Survey 5-Year Estimates: https://alex-companies.com/data/2026-11-02-memphis-concentration-seasonal-homes-zcta. How does this concentration affect your investment strategy? What does it say about the long-term viability of less-targeted areas in the metro? We’re seeing a new kind of real estate orthodoxy forming—one where geography, not just affordability, determines value. Share of the Market's Seasonal Homes in Its Top Three Zip Codes, top 10 (ALEX Intelligence — U.S. Census Bureau 2024) #1 ZIP 38103 — 242 #2 ZIP 38104 — 138 #3 ZIP 38119 — 103 #4 ZIP 38125 — 96 #5 ZIP 38016 — 90 #6 ZIP 38120 — 87 #7 ZIP 38118 — 58 #8 ZIP 38068 — 57 #9 ZIP 38111 — 53 #10 ZIP 38060 — 52 Photos via Wikimedia Commons: Slide 1: Warren LeMay from Chicago, IL, United States (CC BY-SA 2.0) https://commons.wikimedia.org/?curid=162750849; Slide 2: Warren LeMay from Chicago, IL, United States (CC BY-SA 2.0) https://commons.wikimedia.org/?curid=162754806; Slide 3: Warren LeMay from Chicago, IL, United States (CC BY-SA 2.0) https://commons.wikimedia.org/?curid=162754385; Slide 4: Snickersnack30 (CC BY-SA 3.0) https://commons.wikimedia.org/?curid=35746614 Source: https://alex-companies.com/data/2026-11-02-memphis-concentration-seasonal-homes-zcta View and join any or all of our communities — AI, quantum, and real estate: https://alex-companies.com/reports/linkedin-groups If there's an AI, quantum, or real estate community you'd like to see us convene, tell us — this portfolio grows by request. Real Estate Strategy & Intelligence Leader. Democratized Blue Ocean Strategist & Operator. Diane Hart Alexander, MBA, MHA Chair & CEO, ALEX Companies Designated Broker, Alexander Tiffany Southwest, LLC dba ALEX.realestate, et.al. Texas License #574877-B · Broker License #565194-BB [email protected] · +1 713.591.9902